Veterans launching new businesses doubled in 2021 —and it's likely to continue - Jacksonville Business Journal

There has been a surge of new businesses formed since the start of the Covid-19 pandemic, and military veterans have played a big role in the jump.

“Last year. we saw the opening of the doors of entrepreneurship to groups that have been left out of new business ownership,” said Gusto Economist Luke Pardue, stressing Black and Hispanic business owners surged during the pandemic. “We are seeing this with veterans as well.” Additionally, the share of Black entrepreneurs who launched businesses also rose from 3% in 2019 to 9% in 2021, according to Gusto's survey.

Veterans didn’t start new businesses in the same sectors that nonveterans did though. Veterans were far more likely to start businesses in goods-producing sectors such as construction, manufacturing, utilities warehousing and transportation, with 47% starting businesses in those sectors, according to Gusto. Just 11% of nonveterans started businesses in those sectors.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Veterans launching new businesses doubled in 2021 —and it's likely to continue - Silicon Valley Business JournalNew business formations have surged since the start of the pandemic, and military veterans are playing a big role. But there are some unique ways veterans are contributing to the trend.
Source: svbizjournal - 🏆 334. / 59 Read more »

Veterans launching new businesses doubled in 2021 —and it's likely to continue - Phoenix Business JournalNew business formations have surged since the start of the pandemic, and military veterans are playing a big role. But there are some unique ways veterans are contributing to the trend.
Source: phxbizjournal - 🏆 254. / 63 Read more »

Best employers for veterans includes five Jacksonville companies - Jacksonville Business JournalTwo Jacksonville-based companies have been listed among Forbes magazine's America’s Best Employers for Veterans, with Military Times adding three more local employers to its list.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Best employers for veterans includes five Jacksonville companies - Jacksonville Business JournalTwo Jacksonville-based companies have been listed among Forbes magazine's America’s Best Employers for Veterans, with Military Times adding three more local employers to its list.
Source: JaxBizJournal - 🏆 599. / 51 Read more »